intraday -- [closing bell ringing] >> athletic footwear has been great is the big question there is china. hey, the bells are ringing. they're hanging on to the gains yesterday, not really building on them much at all. but not giving away hardly anything of what we had yesterday with that spectacular build-up in all of the indices. today a very different situation. look how much we gained yesterday when looking at some of the red on this board. you do see green up at top of the board. barely so for the dow jones, eking out an ever so small increase but still it is an increase. all the others are down but again by very minor levels with the exception of nasdaq. when you talk about nasdaq, you can't for get about that huge gain in oracle by the way. so there are ups and there are downs even on a day like today. liz: time for your front page headlines. the numbers of americans filing new claims for unemployment benefits rose 10,000 last week to 379,000. that is the highest level in nearly nine months. david: we did have some home figures oday.

sales of previously-owned homes fell sharply in november to the lowest level in nearly a year. the national association of realtors saying sales dropped 4.3% last month to an annual rate of 4.9 million units. liz: shares the big box retailer target dropping today after the company said hackers might have stolen data from some 40 million credit and debit card users that were shoppers during the first three weeks of the holiday season. david: that is a scary thought. facebook's stock also a bit lower after the social media giant and founder and ceo mark zuckerberg said they will sell 70 million shares worth nearly $4 billion. separately zuckerberg said he3 will give shares worth a billion dollars to a charitable foundation in silicon valley. liz: winnebago shares, have you seen this? the motor homemaker shares plummeted after they reported softer than expected sales. david: citigroup signed a deal to stay in the main lower manhattan office. "wall street journal" report

that is the deal involves 2.6 million square feet of office space, prime manhattan office space, one of the largest leases in manhattan. "after the bell" starts right now. liz: let's get to today's market action. joel johnson is with us. he thinks next year will be all about the consumer and he will talk about which stocks work. and rob stein, astor investment manager and ceo says it is time investors went back to focusing on the fundamentals. scott bauer in the pits of the cme. scott, we have to begin with you because the fact we didn't see massive erosion or even minor erosion after such a jump yesterday, what does that tell you about the rest of the year? >> well, i'll tell you what. just on the 3:00 bell on chicago time a minute or so ago, there was some massive, mass sill selling coming into the s&p pit. what i tell you the traders back

here they have been leaning short all day. they just covered themselves. it was unbelievable what was going on here about a minute 1/2 ago. they covered everything. so what i want to tell you about this marketplace is, these guys here today we would have had a selloff. didn't have it. they covered everything. not only that, we saw the vix earlier today. earlier in the day-traded below 13. yesterday it traded 16 1/2. i know we settled around 14 today, but, boy, oh, boy, complacency set back in, risk is on and it looks like if anything from now till the end of the year it is probably a slow grind higher. david: risk is on but i want to stick with scott for a second on gold here. is today's move, tremendous move downward in the price of gold, is that an overreaction do you think what happened with the fed? >> yeah, that's what i'm hearing from a lot of traders this is actually a really good buying opportunity. you know this is the first time we've seen gold dip below 1200 in three years or so. david: yeah. >> in fact over the summer we saw it hit down to this level f

it holds here tomorrow, early next week, these traders are telling me look for a rebound back to about 1275 or so, but, but, if for some reason it can't hold here, 1125 is the next number. i'm hearing this is really, really quite an overreaction. liz: okay. then let's get to joel johnson, and joel, when you see what kind of reaction we did get yesterday, the market is a voting machine. it was absolutely fine with the taper but how do you as an investor and a manager of other people's money really go forward and say, i will continue with great trades especially considering we've had such an amazing run-up this entire year? >> we look back at not just this year, liz, but certainly going back for the last four years. we've had a huge run. we'll be cautious next year. we're not getting out of stocks by any means but we're being very cautious. i expect the next year or so to see a five or 10% raise in the dow. liz: okay, did you adjust your portfolio? did you sell some win officers. >> we have.

we sold some winners. we rebalanced portfolios. most of our clients are interested in income and preservation of capital. they're older folks. so we want to make sure we don't give back these huge gains we've had this year. it has been just a great year. david: rob, talk about yesterday's huge gains. they were unbelievably big. again today you didn't give away most of those gains so i'm wonderings, however if the fed's guidance really justified those gains? apparently, to traders they did. what do you think? >> yeah. well, the nasdaq was down today though. so i think they got a taste of what, what the fed's going to be guiding over the next few months, few quarters. they looked at it and said, gee, not too bad. dave, if you notice initially the market sold off. as you read through the fed notes you noticed that they said, maybe we'll be tapering less than we have been in the past but they said we'll be doing it a lot longer or as the economy improves to levels that we thought we would taper

completely. i think the market liked that second part. that was part of the reason we rallied back up during the rest of the afternoon. liz: rob, what becomes the biggest market driver? >> fundamentals. so i think this year fundamentals were okay, nothing to write home about as they say but you had a risk, a different risk analysis of what was happening in the markets. risk premiums came out of the market. that is the reason we were up, up the amount we are for the year, not based on fun changed. visibility came into the marketplace. so next year it will be all about fundamentals. if fundamentals improve and accelerate the market should do will. if they don't, you might have a languishing, a corrective market. risk premium part of the trade, that happened in 2013. david: joel, there is nothing more fundamental than consumer spending, consumer sentiment. what happens to this market if consumer sentiment falter as bit in 2014? >> i would be real concerned about that. david, if consumer sentiment fallers we'll see money coming

out of the market, at least not going into it at least through retirement savings vehicle. david: what is your best guess where the consumer will be in 2014? >> i think consumer will be a better off than they are 12 months from now panned they will feel better off and we'll continue to grow the economy but it is all about the consumer in this economy and about housing and how people feel when they see their neighbor's house sit on the market for a long time, that does not bode well for the average person out there. liz: scott, as we continue to get all the equity news from our two pickers here, looking at you as a trader where did you see the flows the past two weeks leading up to that and do you >> i think going into next-year we'll see a couple areas that will be real heavy in the very first quarter, real beginning of the year. financials, they're the ones that led this market. higher interest rates, they are good for financials, right? gives them more margin, gives them more opportunity. also some of the consumer discretionaries, i do think there is risk like your previous

guest said if things don't pan out. but people are feeling good. we look at two major things that put worry into the market over the lax significance months, the word taper and 3%. well, those are both commonplace now. those have now been accepted. main street accepted them. traders accepted them. so it is almost passe. it is almost like, okay, that's baked into the market. , that's the norm. so the consumer i think is feeling good right now. if the numbers still continue to come in economically and we do see housing starts be good and retail sales are still good, consumer discretionary, that's where i want to have my money early next year. david: joel, let's give the viewers something to buy into here. you're recommending, blackrock has this eye healed -- high yield etf. tell us why you like it. >> there is high revealed areas, hyg i love it. i don't want all our client's money in the market, but i want to be exposed to december deal.

david: that is blackrock. show the etf is recommending. what is the symbol. >> hyg. blackrock high yield etf. david: there it is. liz: you like the equal weight etf. is that replaying s&p 500? what is different about it? >> we like the equal weight and fs trust technology etf. we think weightings of them and fundamental that is will power this market ahead if it is going to move ahead beyond just momentum and as i mentioned risk premiums being adjusted should do well. we talked about how the nasdaq greatly outperformed. this is time to adjust nasdaq holdings if you hold broad nasdaq indices into something fundamentally weighted like the fxl. keep in mind this economy grew in 30 at this time with a -- 2013 with a head win from the government. private sector and consumer really drove the economy.

that head wind i'm not so sure will be as strong in 2014. david: that's the big question of 2014. rob, thank you so much. joel johnson, thank you so much. scott bauer, a lot going on in the pits of contract me. we want to get the s&p futures close. we'll rejoin him in a couple minutes. liz: thank you, gentlemen. the fed gaining more confidence in our economic recovery and finally announcing it will start tapering in january. is the brighter outlook justified from people like this? one of the most influential economists in the entire nation, diane swonk of mesirow financial, joining us to tell us her opinion. david: another blow for sac capital as a senior employee is convicted of insider trading now facing up to 25 years in prison. no wonder he fainted in court. who is next. what is the deal on that microsoft insider trading case? we'll have all details with the former head of the sec and charlie gasparino. we want to ask you will we see new arrests in the sac capital investigation? what do you think? write into "after the bell".com.

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new york stock exchange. nicole. >> you think the recipe would be just right for the automakers. gasoline prices are basically not bad, right? $3 a gallon. not 4 or $5 a gallon. cheap money, easy credit. markets have improved. meantime ford this week gave an outlook particularly for north america that showed weakness. now the concern is that may be contagious. we may hear that from other automakers including general motors and nissan and toyota. on a day were the markets were virtually flat you saw automakers selling off. nissan was down 2%. as a matter of fact all of them were down. g much was down over 2% as was ford. so the automakers very tempermental group and the analysts have been on board as well. some have expressed some cautionary tones for this group. back to you. liz: nicole, thank you very much. david: well we were getting a lot of action as the s&p futures five minutes ago. they are closing within the next 15 seconds. scott bauer in the pits of the

cme, what's happening there, scott? >> if you can see over my shoulders traders are still big. s&p hasn't moved. traders are bid. i don't know if that is covering short positions still or actually a maybe taking a long position but traders are buying. >> it may be a delayed reaction. >> could be. liz: selloff may be delayed. john corpina in the last half hour said watch out for volatility and we will. scott, thank you. >> have a good one. liz: the s&p 500 retreated from its all-time highs by barely right? not a big deal as weaker-than-expected reports hit the markets a day after the federal reserve said tapering will begin in january? what was that data? existing home sales falling for the third month in a roy in november, dropping 4.3%. if you stretch it out it was lowest level in one year. weekly jobless claims unexpectedly rose hitting the highest level in nearly nine months. two negative data points a day

after the fed said we're doing so well we can start tapering but is the federal reserve scaling back the bond buying program too soon or is this nothing to worry about? joining us somebody we respect very very much, diane swonk, misery financial chief economist. diane, too soon or just right with the fed timing on thhs. >> a couple of issues first of all. the fed did a two step, that we'll taper and leave the punchbowl out there longer than anybody you thought we wouldn't have passed maybe to early 2016 in terms of keeping short-term rates row. that will allow time for people to get on the dance floor of economy and people get a little tipsy on the sidelines. i think two-step helped mitigate the effect of tapering because it is the fed taking and giving at the same time. also i think it is important to remember the deficit is plummeting right now. new treasury issuances are falling. bad news mortgage originations are also falling. that means the fed as proportion

of those purchases is actually higher even after the tapering than they were when they started this program back in september last year. liz: maybe that's why, diane, we had ben bernanke saying very specifically what he said, we pulled that sound bite out so people could hear it once again and you comment on it. here is ben bernanke yesterday. >> the fomc also provided additional guidance on future short-term interest rates stating that it expects the maintain the federal fund target in its current near zero range well past the time the unemployment rate falls below 6.5%. liz: if we had the fox business translator up, diane, it would say, everybody relax and calm down. we'll not gyrate mortgage rates. we'll keep everything low, specifically what you said but then as you spin it forward to 2014 what looks good? what areas of investment look good? is it housing? >> housing is good in the sense that we've overshot so far on the downside there is nowhere to go but up. that is the good news.

the bad news we're not seeing first-time homebuyers out there. the overhang of student debt, 32% of so of 18 to 34-year-olds still living with their parents, unable to get over hurdles of buying a home. regardless what the fed does it will be harder to get a mortgage at beginning of the year. more fees are going in. the mortgage market is tightening. we worry about the churn. the good news we'll get construction and more on the rentalside than the ownership side. the spillover is not as strong. that said we removed some major headwinds to the u.s. economy. ben made this point at his press conference. the biggest headwind out there is fiscal drag. higher tax, cuts in government spending and particularly the loss in employment we saw at a state and local level. that is reversed now. we want to see the animal spirits in the private sector. at least the fed can act with a bit of a tailwind without the fiscal policy and other half of washington getting in their way. liz: i know it is hard to predict what other people will do but what does janet yellen do? do you think she continues to

taper by what, increements of five billion, 10 billion? >> well i think they set it up to go 10 billion at a time. they will easily accelerate that, let's hope they have to accelerate it that the economy will be that good. i think it will take a while. i think she will continue to taper of the if they think the economy is pausing again they will start and back up again. that is all data driven. janet yellen faces greater challenges than ben bernanke did. ben bernanke had to make decisions moments in time, hours in time at height of the financial crisis to save us ourselves. janet yellen will have to let hope manage the exit from the monetary policies that would be equally treacherous as getting into them. liz: people love to hear people like you give grades. can you grade ben bernanke on the decision? >> you know what, he got to leave on a high note. this is the first time he communicated clearly and the market heard. he hit it out of the park. i give him an a on this one.

what a swan song for ben. i know it has been hard for him. i know there is a lot of critics and it has not been perfect but he hit it out of the park. he gets to go home for the holidays and be happy and miserable like rest of us. liz: hearing a minus from you. diane swonk, good to see you. >> thank you. liz: diane swonk from misery financial. david. david: we have earnings from china. jo ling kent has details. >> good news from china. eps and revenue, beat slightly 59 cents per share which is a beat of 5cents per share. revenue is a little bit light, 6.4 billion. we were expecting $6.44 billion. looking at revenue in north america, $2.8 billion, just about in line with estimates. looking at china, china future orders are up 4%. we were expecting 2.7%, so definitely beat the street there. on other end revenue from china

$629 million. the estimate was for 5$8 million, so a very nice beat on both ends. right now nike is up slightly after-hours. david: you miss on revenue but china is growing and they're selling more into it. that is good news. >> yeah. david: after-hours the stock is about where it ended the day, a little tick up than down but basically unchanged from where it enddd. jo ling kent, thank you very much. liz: we'll see if they breaks out the nike band numbers. david: mark zuckerberg selling shares worth billions of dollars. what is goiig on? is facebook trying to build up its war chest for another big acquisition? a lot of questions about what they're trying to do. we have some answers coming next. liz: talk about a record-breaker? the numbers are in for beyonce's smash new hit after less than a week on itunes. make it plural. it is hits, an album. we'll tell you how well beyonce's album did when we come right back. ♪ this is the quicksilver cash back card from capital one.

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david: time for a quick speed read some of the day's other headlines, five stories in a minute. first up, samsung and lb announcing plans to unveil a 105-inch curved tv at the consumer electronics show. the two largest tv makers the curve sharpness will be four times regular hd television sets.

>> new apple mac pro goes on sale starting at 3,000 bucks. it is built in the u.s. as part of tim cook's quote, 100 million-dollar made in the usa push. darden is looking to spin off and sell red lobster as part of the plan to boost shareholder value. it is also suspending opening of new olive garden locations. institute of highway safety revising criteria for selecting the top safety pick and top safety pick plus for vehicles in 2014. they announced 39 new vehicles qualified for the ratings. beyonce's surprise digital release of the new album sets a record for itunes and columbia records by selling four million cop pace worldwide in six days. the physical album hits stores on friday. that is today's "speed read". liz? liz: facebook company and ceo announced to sell a big chunk of company shares, 17 million to be exact the stock fell just under

a percent. it was not a dramatic move. as you see it came up off the floor through the session. david: just, how much is zuckerberg set to pocket? and could there be big acquisitions in the company's future related to some of these sales? jo ling kent is on that story, jo. >> hey, liz, hey, dave. that's right, you may have another chance to get in on facebook's stock. company founder mark zuckerberg are selling 17 million shares raising $4 billion. if it gets ready to join the s&p 500 tomorrow after trade something closing zuckerberg will sell shares worth 3.2 billion shares. 31.5 million shares using to settle a big tax bill. facebook has risen about 44% since the ipo. the big question here for investors is, what will facebook do with this cash? the statement the company notes, we intend to use the net proceeds from this offering for working capital and other

general corporate purposes. we may use a portion of the proceeds for acquisitions of complimentary business, technologies or other assets. so a very interesting statement there. tom forte of tesli advisory group said the money could be used for anything, like buying a company but probably not for a while. as for the company's health he says this shows you company has come full circle from the initial challenges with the ipo but also that the business is incredibly strong position. the stock being where it is today and overcoming that rough start. they wouldn't have been able to do a secondary. this is a positive reflection. the sec filing also reveals zuckerberg plans to donate one billion dollars worth of stock to silicon valley organizations similar to what he did last year to the tune of $500 million. liz, dave? liz: thank you, jo, jo ling kent. that is nice graphic. david: nice graphic. i like that one. big blow to sac as a blow to hedge funds with employees

convicted of insider trading. how does it change that hedge fund edge? these trials leading up to the big event, a criminal trial of sac founder, steve cohen? charlie gasparino and former sec chairman harvey pitt are both here. liz: they are known to shoot squirrels. david: you talking about me? liz: no. one of the stars of "duck dynasty" shot himself in the foot. we'll tell you why a&e, the network has suspended him from the show indefinitely. ♪ ya know, with new fedex one rate

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i've got three important reasons to up my game with eliquis. [ male announcer ] ask your doctor today if eliquis is right for you. david: well the first sac employee to actually go to trial, michael steinberg has been found guilty of insider trading. not only was it a big blow to sac but what does it mine for sac's founder steve cohen and the hedge fund industry as a whole? joining us charlie gasparino and doug burns, former federal prosecutor. charlie, thanks for coming in. first of all news on steinberg, he is going not going down easily? >> the government would like to have him testify steve cohen, they thought a long prison sentence, the numbers are 87 years but he won't serve that much, he will serve five and 10. that a jail term might prod him to cooperate. what we're getting people ccose to steinberg. he has no plans to cooperate.

his plan is to appeal this guilty verdict. david: well the civil indictment against steve cohen, again that would be the big scalp that the government would like, that has been put on hold until this trial was finished and until the martoma trial. >> until a criminal indictment. david: until the martoma trial was finished. correct me if i'm wrong they're trying to collect evidence from other trials in order to lead to a criminal indictment against steve cohen. >> they are. you need steinberg or march r martoma or a warm body to fill in the cracks. david: marm toma was on pharmaceutical trading and -- >> he spoke to cohen for 20 minutes. you need him to come in to say this is what i discussed. this is what i told him. this is what he told me. >> weren't you blown away steinberg was convicted. >> yes. >> i thought followed the case. i thought it was a pretty weak circumstantial case. i thought his lawyer did amazing

job poking holes through the key witness, john horvath, allegedly told by steinberg to do things that may have broken the law. he got him to added mitt, barry burke, he was never specifically asked to get inside information to steinberg. david: what was the line that steinberg crossed? >> the line and jury found him guilty because they thought conscious avoidance of potential insider trading, insider information. >> yes. >> not only that he provided wanted edgy information was like a name, sort of a code for giving me inside information. david: options avoidance? hold on a second when they go after cohen, the civil indictment against cohen -- >> criminal. david: i understand. the civil indictment, that sec is now -- >> that is not an indictment. civil enforcement. david: civil case. that he failed to supervise.hen this is such, that sounds so weak in and of itself. >> when you talk about failing

to supervise and conscience avoidance. it is i deliberately closed my eyes to the high probability that criminality was taking place. david: how do you prove that. >> they did. >> you prove, david, don't tell me that. charlie, i don't want to hear it. >> i want edgy information and you should know that he -- >> there were stuff he said, don't tell steve, he doesn't want to know. that is what does that. by the way, working off his point the appellate issue is very important to note quickly you have to show that the person who tipped, person made the trades received benefit. they were poking holes setting that up through the the trial. >> i don't think they had to show benefit this trial. >> no, but that is how he will appeal. >> i will point out this, the civil charge against steve cohen brought by the se. c, not the u.s. attorney's office is failure to supervise. it is not a fraud charge. it sounds like weak tea. it ain't. it can bar him from securities business for life. he wants to fight that. david: sac has still $9 billion

in assets. there is talk they want to change their name and want to open, is are they dead? >> that's a joke. that is story they planted in "wall street journal" steve cohen's main concern, dead in the sense they will not be a public company, manage outside funds anymore. they will bar him for life. that is almost a given. here is what he has to worry about. he will manage his own money. he has to worry about being indicted. when michael steinberg is not the type of guy wants to go to jail for five years. >> no. i tell you i did want to address generally in my experience all these years, once you're in you're in, foot in the pool. you don't cooperate after trial. hardly ever. >> never? >> not a set rule but you never see it. david: doug, let me ask you where it is all going? we seem to be in an era where the government is coming down harder. charlie thinks it is going on for a while. it seeps right now we're in a giuliani '80s era where the government is coming down real hard on hedge fund of the we have the new indictment against

microsoft. >> that'ssnot an indictment. david: case against, the case against microsoft. what about that? is, are which in a new era where they're trying to shut down an entire industry? >> what is interesting, you need a separate seminar on this. the point is they go in with an investigation and sometimes they go in too much the point is a lot of scholars and experts, insider trading is not the most serious crime on wall street. >> it is victimless crime. >> market information, pump and dump. >> bernie madoff. >> exactly. rip off investors. for some heels and they keep following it but really -- >> we should point out i think they're at end of their ropes in terms of the investigation. this investigation has been going on. >> one guy left. >> one guy left. you said it -- >> you didn't see this one coming the microsoft. >> that is penny ante stuff. to the people involved -- >> only a few hundred thousand dollars. >> this is not a big thing. these cases have been raging for years since 2009. >> no, that's right.

>> they reached i think fever pitch around 2010, 2011. now it is cleaning up and endgame. the endgame for the government is steve cohen. steve cohen as you know -- david: after that hedge funds don't worry about overly exuberant prosecution. >> we like to hope that he is saying look, if witnesses take me to cohen, so be it. not let's take cohen and work backward. let's hope they're not doing that. >> we have to leave it there. >> ttank you very much. david: charlie gasparino, doug burns. appreciate it. liz, over to you. liz: good stuff. talk about hot wheels, the best time of the year to buy a new car. so where are the real bargains? which cars are the hottest sellers? we're talking to the founders and ceo of the superhot car buying service true car. it is a fox business exclusive. it could be a case of a cooked duck. the member of the hit popular show, "duck dynasty" suspended by a&e networks indefinitely. what could this mean for the

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t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read a consider carefully before investing. david: just two weeks left in 2013. it is prime time for car buying right now. one way to make the process easier is to use true car.com. have you looked into this? it analyzes latest car pricing data for consumers. liz: you don't have to do as much haggling, right? will an ongoing ftc investigation damage the company's relationships with car dealers? what can we expect from car sales through 2014? joining news a fox business exclusive, truecar founder and ceo, scott painter. welcome, scott. thank you for being here. let's get to the time of the year and how advantageous it might be or not of the, you tell us, to buy a car right now? >> well at truecar.com we look at all the transaction data

going on around the country and in your market. not only a great time to buy the car because year-end, 2013 is great time. market is great. interest rates are low and in general the car business is doing very well. it is about a 15.5 million new car market which is the highest levels we've seen since 2007. david: what about your relationships with the dealers? it sounded like dealers must hate you guys because what you are doing is essentially telling the ftc, hey, these guys are colluding against us in terms of, in terms of their pricing. isn't that what you're charge was? isn't that why the ftc went after the deal officers. >> well i think the ftc is looking whether or not anything was done inappropriate by dealers to sort of collude and sort of manage to not work with truecar. i think it is important to recognize that the ftc investigation isn't something we asked for or that we requested in any way nor are we the subject of it. david: no, no but it was helping you at their expense, correct?

>> not really. so this is something that happened two years ago. to truekart.com is nine-year-old company. most people don't realize we sold nearly a million cars through our dealer network. today we have over 7,000 dealers across the country on the program. one out of every four dealers in that happen ad couple years ago where i think the dealers were concerned that discounting was really becoming a real problem for auto retail. i think what we learned in that process we needed to give the same information that we were providing to consumers to dealers so that they could price accordingly. david: i see. liz: well then let's get to the consumer once again and which car companies are really poised to do well in this next couple of days which are all important, that year-end buyer capturing them. speak to the consumer and tell us what is the best trick to have to make sure we get the best deal out there? >> well the first is to go to truescar.com, you will see

exactly what everyone else paid for the car you're think about buying, information is power especially in -- liz: we have breaking news. we'll get back to you in just a moment but breaking news out of washington, d.c. rich edson is standing by. rich? >> liz, some debt ceiling news this is the from the treasury secretary jack lew sending a letter to house speaker john boehner, other congressional leaders saying quote, we currently estimate through the use of these measures, extraordinary measures we would be able to extend the nation's borrowing authority only to late february or early march 2014. now a couple of weeks ago the treasury secretary said he could extend the debt ceiling to some point about a month after the debt ceiling expired on february 7th. the secretary appears to be moving this up a little bit, trying to get congress to act to do this with no drama. just increase the debt ceiling. he also says in this letter the debt ceiling is not a bargaining chip to be used for partisan political ends. so the administration continues its position.

congest raise the debt ceiling. don't try to negotiate with this however house republicans already said they're going to talk about what they want to ask for in exchange for increasing the debt ceiling. senate minority leader mitch mcconnell says he doesn't envision the house or senate passing a clean debt ceiling increase. house republicans last time had a real tough time, could not pass any bit of legislation that raised the debt ceiling and had strings attached to it. they have always needed democrats to do this out of the house. we'll see this plays out next couple weeks. but treasury secretary jack lew saying you have to raise the debt ceiling by late february, early march, 2014 and do it with no drama. liz? liz: a little drama out of washington with no drama. rich, thank you. back to you, scott, so sorry about that interruption, but clearly there have been uncertainties, when it comes to the consumer of coursings we're talking to you, go on truecar.com because you have that information. is there a way to make sure that the consumer can get the best deal out there? >> well again, it does start

with getting that information. this is information that has never before been published or available. it is about transactions in your local market and around the country. and that really take as first-time car buyer gives them opportunity to be an expert in 30 seconds or less. from there what we're seeing in the overall market it's a great time to buy a new car in particular. historically used vehicles are sort of lagging the new car market. the new car market over last three or four years has been really constrained. we've been at all-time lows from 2008, 9, and 10. you have a bit of supply constraint in the used car market. prices are all-time high and the value proposition is shifting a little bit. it's a great time to sell a used car. you will probably get the most value, because the economy is doing well, interest rates are low and product pipeline is good, a great time to buy a new car. david: it's a great time. terrific products. interest rates are at historic lows, et cetera. your website gives terrific details exactly how one price compares to the other. but again, leads me back to the

question, why do i need a dealer? why do i need a sales staff if i have truecar.com? >> well the dealer is the seller of the car. so what truecar is really a communications platform and we've create ad transparent, trust-based conversation between customers and dealers and that really not has happened before. you're still boeing to the dealer, the question is which dealer? 7,000 true car certified dealers believe that trust and transparency is better way to have a relationship. they give up front savings and guaranteed savings off msrp to help the customer understand the context of the price relative to others pay so they can spot a great deal right away. david: it's a great site. how to buy a car and compare cars to other prices that i ever seen. you are a good sport to stick with us, scott painter. thanks very much, scott. we appreciate it. >> thanks, david. liz: come in armed with information. who and what cooked the

golden goose? the hit series, "duck dynasty" caught up in a huge firestorm after its top star gets suspended. we'll tell you why and what is at stake next. david: also one red did user gets the shock of her life when she find out the world's richest man is actually her secret santa. isn't that nice? his gift will surprise you. we have details when we go "off the desk." ♪ this is the quicksilver cash back card from capital one. it's not the "juggle aunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. thiss the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. now tell me, what's in yourallet?

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liz: a&e suspending the patriarch of the country clan on that wildly popular show "duck dynasty" after he made antigay comments but now there's a backlash against the backlash. david: you would know it would happen. dennis kneale joining with us more on this. dennis, go ahead. >> hey, guys, "duck dynasty" patriarch phil robertson told "gq" magazine antigay things no one is allowed to say, critics are shock,ed shocked, say he would say a stupid thing about a star of a show with a bunch of zz top country hicks ho say a bunch of stupid things. a&e apologized and suspended phil robertson but look here. a pro-phil facebook page has been launched already has close

to 600,000 supporters who like phil. and that page threaten as boycott of a&e until it puts phil back on the air, which puts a&e in a tight spot because pro-gay groups also imply the threat after boycott of duck dynasty advertisers if he gets back on the air. this guy joins the ranks of the gaffe gallery, alec baldwin lost his new show on msnbc over antigay slur. martin bashir resigned from msnbc after his sarah palin bashing. paula dean lost her cooking empire overusing the n-word 20 years ago. this might be different. phil robertson's reporters know he didn't use a slur or epithet or hateful term that he ushered his religious beliefs and homosexuality is a in and they won't inherit the kingdom of god. he said he respects and loves all of humanity but the bible

teaches that men belong with women. there is also this. one thing for say, an msnbc commentator to unleash vile comment but duck dynasty is real life version of the beverly hi hillbillies an draws 12 million viewers per episode on a&e. the guys from duck dynasty are on tv to begin with because they are outrage can just. phil robertson is playing to type. liz? liz: this will be great for the show. people will tune in. david: that is new information on the internet site. what is that internet site, dennis. >> go to the facebook page and look for phil robertson fan page on facebook. david: one reddit user got a big surprise when her secret santa turned out to be one of the richest people on the planet. we'll tell you who that was and what they sent next. ♪ has a lot going on in her lif. wife, mother, marathoner.

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bell." richard fisher the dallas fed president on his first statement since the fed's decision to taper. we'll be hear on "after the bell." that is tomorrow beginning at 4:00 p.m. liz: "money" with melissa francis is next. melissa: is europe tv spying on you? i'm sure you want to say no but you know the answer is yes. it was only a matter of time before it came to this and we've got all the details. you won't believe it because even when they say it's not it's always about money. melissa: it is officiil the fed may be pulling back but for ron paul he says it is just way too late. >> even if they quilt that the conditions a